How To Fix 67_LOAN085 - Use the payoff business operation to create a new unscheduled repayment

SAP Error Message - Details

• Message type: E = Error

• Message class: 67_LOAN - Messages for Fin. Asset Management for Loans - Continued

• Message number: 085

• Message text: Use the payoff business operation to create a new unscheduled repayment

What causes this issue?

The unscheduled repayment function has been completely replaced by the
payoff function. However unscheduled repayments that have already been
entered can still be concluded using the unscheduled repayment
function.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Call up the workplace for business operations. You need to use the new
Payoff function.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message 67_LOAN085 - Use the payoff business operation to create a new unscheduled repayment ?

  The SAP error message 67_LOAN085 indicates that there is an issue related to the processing of a loan repayment. Specifically, it suggests that the system expects you to use the "payoff" business operation to create a new unscheduled repayment for a loan.
  Cause:
  This error typically occurs when:
  
  You are trying to process an unscheduled repayment for a loan, but the system requires that you first perform a payoff operation.
  The loan is in a state that does not allow for the type of repayment you are attempting to execute.
  There may be configuration settings in the loan management module that dictate how repayments should be processed.
  
  Solution:
  To resolve this error, you can follow these steps:
  
  
  Use the Payoff Business Operation:
  
  Navigate to the loan management module in SAP.
  Select the option to perform a "payoff" operation for the loan in question. This operation typically involves settling the loan balance and closing the loan account.
  
  
  
  Check Loan Status:
  
  Ensure that the loan is in a state that allows for unscheduled repayments. If the loan is already closed or in a payoff state, you may not be able to process additional repayments.
  
  
  
  Review Configuration Settings:
  
  Consult with your SAP administrator or financial team to review the configuration settings related to loan management. There may be specific rules or settings that need to be adjusted to allow for unscheduled repayments.
  
  
  
  Consult Documentation:
  
  Refer to SAP documentation or help resources for detailed instructions on how to perform a payoff operation and the implications for unscheduled repayments.
  
  
  
  Contact SAP Support:
  
  If the issue persists after following the above steps, consider reaching out to SAP support for further assistance. They can provide insights based on the specific configuration and version of your SAP system.
  
  
  
  Related Information:
  
  SAP Loan Management: Understanding the loan management module in SAP can help you navigate the various operations related to loans, including repayments and payoffs.
  Business Operations: Familiarize yourself with the different business operations available in SAP for loan processing, as this will help you understand when to use each operation.
  Error Handling: Learn about common error messages in SAP and how to troubleshoot them effectively.
  
  By following these steps, you should be able to address the error message 67_LOAN085 and successfully process the loan repayment as needed.